In our home state of Massachusetts, it was recently announced that there will be a tax holiday on August 15th and 16th. Massachusetts consumers will be allowed to make purchases up to $2,500 without having to pay the state’s 6.25% sales tax on those days. “The sales tax holiday gives consumers a much needed break while bolstering business across the Commonwealth for our hardworking retailers,” said Massachusetts Governor Baker in a statement released Wednesday. Many other states will have tax holidays as well.
Tax holidays offer consumers an excellent opportunity to save some money on a large purchase. If you’ve been putting off such a purchase, like furniture or an appliance, then a sales tax holiday could offer the savings you’ve been looking for. Be sure to compare the prices from previous sales to make sure you’re still getting a good deal that you can afford. And remember, just because it’s a deal doesn’t mean you have to buy something. Be sure that it fits your budget and fulfills an important need.
Check out this list of all tax holidays in the US to find out if your state is offering this opportunity.
Looking for more help with budgeting and debt management? Call American Consumer Credit Counseling to speak with a certified counselor today. The call is FREE. 800-769-3571.